Search This Blog

PayPal Goes Offline at Point-of-Sale with Made in Singapore Social Mobile Payment Platform

"PayPal Goes Offline" headline from Page 3 of Digital Life, the weekly IT supplement with Singapore's The Straits Times.

Wrote Seow Tein Hee, "..When a customer makes the payment. the system also makes a post about the discount on his Facebook Wall, creating a word-of-mouth campaign about the merchant and its offer.

Local start-up Taggo is the technology provider behind this new Facebook cum mobile payment service.

Taggo's chief executive, Mr Aneace Haddad, believes product discounts are essential if customers are to be persuaded to try out new and unfamiliar methods of payments.

"The social nature of our Fan Club Facebook app makes it a power yet subtle impact for both merchants and customers. Merchants will be able to further develop their social media pressence further, at no extra costs beyond the nominal transaction fees given to payment companies," said Mr Haddad."

Singapore will soon exempt local operators, Singapore Pools and Turf Club, from online gambling ban and the sites will be ready in November 2016.

Ministry of Home Affairs explained that a complete ban on remote gambling drives demand and activities
underground, and may create larger incentives for criminal syndicates to
target Singapore."

Yet in a 2012 survey by the National Council on Problem Gambling (NCG) found that those who gamble online have the poorest control.

Source: https://app.msf.gov.sg/Portals/0/Summary/research/EDGD/Gambling%20participation%20survey%202011.pdf
For those who indulged in online gambling, 30.4% said they gambled for a longer period than they planned to, 33.3% gambled with more money than they planned and 29.2% gambled more frequently they planned to.
Will launching the online gambling sites be like opening a Pandora Box that will create more issues in the future?